Chartered Semiconductor Manufacturing, Ltd.

Case Summary

Chartered Semiconductor Manufacturing, Ltd. Securities Litigation

Case Summary

Case Status: SETTLED
On or around 10/06/2009 (Date of order of final judgment)

Filing Date: November 30, 2001

Other actions have been filed making similar allegations regarding the IPOs of more than 300 other companies. All of these have been coordinated for pretrial purposes as In re Initial Public Offering Securities Litigation, Civil Action No. 21-MC-92.

According to a Press Release dated 12/05/2001, the complaint alleges violations of Section 10(b) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder. On or about October 29, 1999, Chartered commenced an initial public offering of 225,000,000 of its shares of common stock at an offering price of $20 per share (the "Chartered IPO"). In connection therewith, Chartered filed a registration statement, which incorporated a prospectus (the "Prospectus"), with the SEC. The complaint further alleges that the Prospectus was materially false and misleading because it failed to disclose, among other things, that: (i) Defendants had solicited and received excessive and undisclosed commissions from certain investors in exchange for which Defendants allocated to those investors material portions of the restricted number of Chartered shares issued in connection with the Chartered IPO; and (ii) Defendants had entered into agreements with customers whereby Defendants agreed to allocate Chartered shares to those customers in the Chartered IPO in exchange for which the customers agreed to purchase additional Chartered shares in the aftermarket at pre-determined prices.

Company & Securities Information

Defendant: Chartered Semiconductor Manufacturing, Ltd.

COMPANY INFORMATION:

Sector: Technology

Industry: Semiconductors

Headquarters: Singapore

SECURITIES INFORMATION:

Ticker Symbol: CHRT

Company Market: NASDAQ

Market Status: Public (Listed)

About the Company & Securities Data

"Company" information provides the industry and sector classification and headquarters state for the primary company-defendant in the litigation. In general, "Securities" information provides the ticker symbol, market, and market status for the underlying securities at issue in the litigation.

In most cases, the primary company-defendant actually issued the securities that are the subject of the litigation, and the securities information and company information relate to the same entity. In a small subset of cases, however, the primary company-defendant is not the issuer (for example, cases against third party brokers/dealers), and the securities information and company information do not relate to the same entity.